Heartland Financial USA (NASDAQ:HTLF) Rating Increased to Hold at ValuEngine

Heartland Financial USA (NASDAQ:HTLF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised Heartland Financial USA from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Finally, Piper Jaffray Companies dropped their target price on Heartland Financial USA from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th.

Shares of Heartland Financial USA stock traded down $0.49 during trading hours on Thursday, reaching $46.42. 95,080 shares of the company were exchanged, compared to its average volume of 139,129. Heartland Financial USA has a 1 year low of $40.80 and a 1 year high of $61.95. The firm has a fifty day moving average of $44.51. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.18 and a beta of 0.94.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings data on Monday, July 29th. The bank reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.32. The business had revenue of $138.77 million for the quarter, compared to analyst estimates of $135.69 million. Heartland Financial USA had a return on equity of 10.75% and a net margin of 23.19%. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts forecast that Heartland Financial USA will post 3.97 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Gradient Investments LLC purchased a new position in shares of Heartland Financial USA during the second quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Heartland Financial USA during the first quarter worth about $33,000. Pearl River Capital LLC grew its holdings in shares of Heartland Financial USA by 187.8% during the first quarter. Pearl River Capital LLC now owns 964 shares of the bank’s stock worth $42,000 after purchasing an additional 629 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Heartland Financial USA by 28.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,171 shares of the bank’s stock worth $93,000 after purchasing an additional 475 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Heartland Financial USA during the first quarter worth about $124,000. 50.48% of the stock is currently owned by hedge funds and other institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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